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← ADDISON COUNTY COMMUNITY TRUST

Form 990 for tax year 2023

Filed by ADDISON COUNTY COMMUNITY TRUST.

Totals

Total revenue
$6,840,267
Total expenses
$3,163,914
Contributions and grants received
$4,096,193
Grants paid
$24,317
Program service revenue
$2,635,524
Investment income
$64,891
Other revenue
$43,659
Total assets, end of year
$16,638,687
Total liabilities, end of year
$5,218,346
Net assets or fund balances, end of year
$11,420,341
Program services expenses (Part IX)
$2,887,454
Management and general expenses
$234,927
Fundraising expenses
$41,533
Program service expenses (Part III)
$2,887,454

Program services were 91.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $16,194

  • 1e · Government grants (contributions)

    $3,687,223

  • 1f · All other contributions, gifts and grants

    $392,776

  • 1g · Noncash contributions included above

    $6,348

  • 2a · Program service revenue: PROGRAM RELATED RENT INCOME

    total $1,560,022 · related or exempt $1,560,022

  • 2b · Program service revenue: PARK MANAGEMENT FEES

    total $546,142 · related or exempt $546,142

  • 2c · Program service revenue: APARTMENT MANAGEMENT SERVICES

    total $409,360 · related or exempt $409,360

  • 2d · Program service revenue: DEVELOPMENT FEES

    total $120,000 · related or exempt $120,000

  • 3 · Investment income

    total $100,134 · excluded $100,134

  • 7b · Less cost or other basis and sales expenses

    other assets $35,243

  • 7c · Gain or loss

    other assets -$35,243

  • 7d · Net gain or loss

    total -$35,243 · related or exempt -$35,243

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $43,659 · related or exempt $43,659

  • 11e · Other revenue, total

    $43,659

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $24,317 · program services $24,317

  • 5 · Compensation of officers, directors and key employees

    total $107,007 · program services $58,854 · management and general $36,382 · fundraising $11,771

  • 7 · Other salaries and wages

    total $1,117,886 · program services $1,018,277 · management and general $84,453 · fundraising $15,156

  • 8 · Pension plan contributions

    total $21,999 · program services $20,484 · management and general $1,336 · fundraising $179

  • 9 · Other employee benefits

    total $229,671 · program services $202,941 · management and general $21,942 · fundraising $4,788

  • 10 · Payroll taxes

    total $90,826 · program services $79,999 · management and general $8,865 · fundraising $1,962

  • 11b · Fees: legal

    total $29,558 · management and general $29,558

  • 11c · Fees: accounting

    total $17,698 · management and general $17,698

  • 11g · Fees: other

    total $81,053 · program services $71,391 · management and general $7,911 · fundraising $1,751

  • 12 · Advertising and promotion

    total $15,164 · program services $13,356 · management and general $1,480 · fundraising $328

  • 13 · Office expenses

    total $142,448 · program services $127,056 · management and general $12,603 · fundraising $2,789

  • 16 · Occupancy

    total $838,888 · program services $834,915 · management and general $3,254 · fundraising $719

  • 19 · Conferences, conventions and meetings

    total $37,531 · program services $33,057 · management and general $3,663 · fundraising $811

  • 20 · Interest

    total $111,043 · program services $109,405 · management and general $1,341 · fundraising $297

  • 22 · Depreciation, depletion and amortization

    total $231,593 · program services $230,065 · management and general $1,251 · fundraising $277

  • 23 · Insurance

    total $49,379 · program services $47,250 · management and general $1,743 · fundraising $386

  • 24a · Other expenses: BAD DEBT

    total $17,853 · program services $16,087 · management and general $1,447 · fundraising $319

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,927,164 · end of year $1,657,677

  • 2 · Savings and temporary cash investments

    beginning of year $294,094 · end of year $734,451

  • 3 · Pledges and grants receivable

    beginning of year $92,140 · end of year $475,337

  • 4 · Accounts receivable

    beginning of year $348,864 · end of year $268,550

  • 7 · Other notes and loans receivable

    beginning of year $482,043 · end of year $460,238

  • 8 · Inventories for sale or use

    beginning of year $9,794 · end of year $13,247

  • 9 · Prepaid expenses and deferred charges

    beginning of year $67,345 · end of year $66,271

  • 10a · Land, buildings and equipment: cost or other basis

    $14,559,701

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,043,670

  • 10c · Land, buildings and equipment, net

    beginning of year $8,385,115 · end of year $11,516,031

  • 11 · Investments: publicly traded securities

    end of year $202,856

  • 13 · Investments: program-related

    beginning of year $1,049,560 · end of year $1,145,254

  • 15 · Other assets

    beginning of year $9,000 · end of year $98,775

  • 17 · Accounts payable and accrued expenses

    beginning of year $232,187 · end of year $451,195

  • 19 · Deferred revenue

    beginning of year $51,672 · end of year $49,874

  • 21 · Escrow or custodial account liability

    beginning of year $86,178 · end of year $81,745

  • 23 · Secured mortgages and notes payable

    beginning of year $4,551,094 · end of year $4,635,532

  • 27 · Net assets without donor restrictions

    beginning of year $7,195,658 · end of year $7,656,563

  • 28 · Net assets with donor restrictions

    beginning of year $548,330 · end of year $3,763,778

Mission and programs · 2023

Mission

ACCT STRIVES TO ENRICH THE LIVES OF LOW AND MODERATE INCOME PEOPLE OF ADDISON COUNTY BY DEVELOPING, MANAGING AND PRESERVING QUALITY, AFFORDABLE HOUSING AND PROVIDING SUPPORTS FOR FAMILIES, SENIORS AND INDIVIDUALS.

  • PROPERTY OPERATIONS: OPERATION AND/OR STEWARDSHIP OF OVER 750 UNITS OF PERMANENTLY AFFORDABLE HOUSING; THIS INCLUDES: PROPERTY MANAGEMENT FOR 353 MULTIFAMILY TAX CREDIT APARTMENTS; OPERATION OF 340 LOTS IN NINE NONPROFIT ACCT-OWNED PARKS FOR OWNER-OCCUPIED MOBILE HOMES; AND DOWN PAYMENT GRANTS FOR MODERATE-INCOME HOUSEHOLDS WITH SUBSEQUENT STEWARDSHIP OF APPROXIMATELY 76 HOMES IN THE SHARED-EQUITY PROGRAM. APPROXIMATELY 800 HOUSEHOLDS WERE SERVED IN 2023.

    Expenses $2,560,481 · Revenue $2,515,524

  • REHAB AND DEVELOPMENT: REHAB AND DEVELOPMENT OF NEW AFFORDABLE HOUSING UNITS TO ALLEVIATE THE COUNTY'S LESS-THAN-ONE-PERCENT VACANCY RATE, INCLUDING MULTIFAMILY APARTMENTS AND SINGLE-FAMILY HOMES.

    Expenses $131,804 · Grants $24,317 · Revenue $120,000

  • RESIDENT SERVICES: PROVIDING SASH (SUPPORT AND SERVICES AT HOME) SERVICES FOR ACCT SENIOR HOUSING RESIDENTS AND RESIDENTS IN THE SURROUNDING COMMUNITIES. APPROXIMATELY 190 SENIORS WERE SERVED IN 2023. ALSO PROVIDING RESIDENT SUPPORT SERVICES AS NEEDED TO FAMILIES AND RESIDENTS IMPACTED BY HOUSING INSTABILITY. APPROXIMATELY 100 HOUSEHOLDS WERE SERVED IN 2023.

    Expenses $195,169

As filed on the 2023 return.

Listed in Part VII

  • Elise Shanbacker

    EXECUTIVE DI

    Total calculated
    $107,007
    From this org
    $101,702
    From related orgs
    $0
    Other
    $5,305
    Hours/week
    40

  • John Barstow

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • David Hamilton

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Jamie McKenna

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Peggy Nelson

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Anna Burns

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jon Crystal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Marie Lennon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Karen Lueders

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Ingrid Pixley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Louise Sandberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Natasha Sen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sarah Star

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Barry Francis Left In 2023

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Abi Sessions Left In 2023

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Robert Coffey Left In 2023

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ADDISON COUNTY HOUSING GROUP LLC

    REAL ESTAT · VT · assets $1,145,254

    Directly controlled by ACCT

  • ACCT MOBILE HOME PARKS LLC

    REAL ESTAT · VT · assets $6,794,117

    Directly controlled by ACCT

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • ARMORY LANE HOUSING LTD PARTNERSHIP

    RELATED · REAL ESTAT · VT · 0.09% owned · share of income -$13 · share of assets -$14 · general or managing partner

  • ADDISON HOUSING LP

    RELATED · REAL ESTAT · VT · 0.5% owned · share of income -$739 · share of assets -$4,213 · general or managing partner

  • CREEKVIEW HOUSING

    RELATED · REAL ESTAT · VT · 99.9% owned · share of income -$44,240 · share of assets $239,679 · general or managing partner

  • FIREHOUSE APARTMENTS LP

    RELATED · REAL ESTAT · VT · 0.01% owned · share of income -$8 · share of assets $81,428 · general or managing partner

  • MIDDLEBURY SOUTH HOUSING LTD PTRSHP

    RELATED · REAL ESTAT · VT · 0.01% owned · share of income -$4 · share of assets $49 · general or managing partner

  • NORTH PLEASANT HOUSING 2 LTD PTRSHP

    RELATED · REAL ESTAT · VT · 0.01% owned · share of income -$6 · share of assets $119 · general or managing partner

  • OTTER CREEK HOUSING LTD PARTNERSHIP

    RELATED · REAL ESTAT · VT · 0.01% owned · share of income -$1 · share of assets -$53 · general or managing partner

  • PLEASANT HILLS LP

    RELATED · REAL ESTAT · VT · 0.01% owned · share of income -$4 · share of assets $40,175 · general or managing partner

  • SMALLEST CITY HOUSING

    RELATED · REAL ESTAT · VT · 0.01% owned · share of income -$6 · share of assets $672 · general or managing partner

  • STONE HILL HOUSING LTD PARTNERSHIP

    RELATED · REAL ESTAT · VT · 0.04% owned · share of income -$78 · share of assets $1,308 · general or managing partner

  • SW APARTMENTS LP

    RELATED · REAL ESTAT · VT · 0.01% owned · share of income -$2 · share of assets -$23 · general or managing partner

  • VERGENNES COMMUNITY HLP

    RELATED · REAL ESTAT · VT · 0.01% owned · share of income -$8 · share of assets $534,684 · general or managing partner

  • MCKNIGHT LANE LP

    RELATED · REAL ESTAT · VT · 0.01% owned · share of income -$11 · share of assets $201,437 · general or managing partner

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.0
Source object
202403189349303630

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